New Gold's Peak Gold Mine
Energy Digital takes a look at New Gold's Peak Gold Mine.

CARLSBAD, CA, November 09, 2011 /24-7PressRelease/ -- Energy Digital takes a look at New Gold's Peak Gold Mine. Being located in Cobar, New South Wales has its benefits. Primarily, unlike most mining ventures in Australia, which can be located hundreds of kilometres from the nearest town or city, Peak Gold Mine is situated by a residential community. Considering the current difficulty in finding skilled miners in Australia, let alone ones willing to live in harsh remote environments, having a town nearby is a huge advantage.

Peak Gold Mine is a deep underground mine with multiple commodities, adding to its advantageous position. "We've got good systems and processes in place and a very modern fleet with a well-maintained plant," says Vice President and General Manager Peter Lloyd. "We're very established with a good culture. We've got a good balance of family and work.

"We've got a good resource base to draw from with a mine life past 2017 of known resources. Each year we've had a good conversion rate of resources to reserves and are replacing depleted stock with new resources we've found."

To learn more, read the full article. http://www.energydigital.com/reports/peak-gold-mine

About Peak Gold Mines

Peak Gold Mines is a large tenement holding in Australia's Cobar mineral field. Mining operations at Peak Gold began in 1991, and through a series of acquisitions the mine changed hands from Rio Tinto to Goldcorp before finally being acquired by Canadian mining firm New Gold Inc. The mine produces some silver, gold dore which is primarily sold to the Perth Mint, and copper concentrate the majority of which is destined for resource-hungry China. Production levels are approximately 90,000 to 100,000 ounces of gold and 6,000 tonnes of copper metal per year.

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